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PfP Capital fund on track to reach €175m target for affordable housing in Scotland
Transactions - JULY 14, 2020

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PfP Capital fund on track to reach €175m target for affordable housing in Scotland

by Released

PfP Capital, the fund management business established by Places for People, has secured investments from two major U.K. pension funds as part of its fundraising target of £160 million (€175.78 million/$199.81 million) for its affordable housing–focused fund. Significant investments totaling £85 million (€93.38 million/$106.15 million) have been made by the Nationwide Pension Fund and Strathclyde Pension Fund. Due to significant demand for the fund, PfP Capital intends to raise its target fund size to £240 million (€264 million/$299.72 million) initially, in line with its short-term pipeline of development opportunities, before looking to grow beyond £400 million (€439 million/$499.53 million) in due course.

Nationwide Pension Fund has committed £60 million (€66 million/$74.93 million) to the fund, while Strathclyde Pension Fund has committed £25 million (€27 million/$31.22 million). Together with investment from Castle Rock Edinvar and Scottish Government,

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